Not West Java, This Province Attracted the Most Investors in Q3 2023

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Cindy Mutia Annur 23/10/2023 18:57 WIB

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According to the Investment Ministry/BKPM, DKI Jakarta was the most attractive province for investors throughout the third quarter of 2023, with realized investment reaching Rp50.9 trillion.

Top 5 Indonesian Provinces with the Highest Realized Domestic and Foreign Investment (Q3 2023)

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Not West Java, This Province Attracted the Most Investors in Q3 2023

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Top 5 Indonesian Provinces with the Highest Realized Domestic and Foreign Investment (Q3 2023)

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The Investment Ministry/Investment Coordinating Board (BKPM) reported that Indonesia's investment realization in Q3 2023 reached Rp374.4 trillion, a 21.6% year-on-year (YoY) increase and a 7% quarter-on-quarter (QoQ) increase.

Jakarta became the most attractive province for investors. It received Rp50.9 trillion in investment during Q3 2023, equivalent to 13.59% of the total national investment realization.

Investment realization in the capital city even surpassed West Java, which usually holds the top position. West Java now ranks second with Rp49.5 trillion in investment realization.

Next in line are East Java with Rp38.9 trillion, Banten with Rp28 trillion, and North Maluku with Rp27.8 trillion.

Investment realization in Q3 2023 was still dominated by Foreign Direct Investment (FDI), valued at Rp196.2 trillion or 52.4% of total investment. This figure increased by 16.2% YoY and 5.3% QoQ.

Meanwhile, Domestic Direct Investment (DDI) realization in Q3 2023 amounted to Rp178.2 trillion or 47.6% of total investment. This realization grew by 28.2% YoY and 9% QoQ.

BKPM recorded that investment realization in Indonesia in Q3 2023 absorbed 516,467 workers.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Not West Java, This Province Attracted the Most Investors in Q3 2023

Not West Java, This Province Attracted the Most Investors in Q3 2023

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